Take a good look at this chart, back a few years, and note that it is more than $ 90.00/share not long ago.
A short time ago, today, provides its own XOM look to the future of energy, and overall business (read this release from MarketWatch).
Who can argue with that? It has the largest resource in natural gas, oil, coal-you name it, they have it. Including more money than we can count. At any given moment, XOM can change things, and here is announced what might have been right through 2040.
That's a long time to wait for a change, but while we wait, ExxonMobil still owns the world's oil on hand. This is the largest company in the value of the assets. The Period. And don't be there by making many mistakes. I would love to see the dividends of more than 3-4%, of course, but now, I see capital appreciation in a big way. Read what CEO Rex Tillerson had to say recently. Why is he allowed to be optimistic? He had all the toys in her bedroom!